Previous Lows in the Major Indices

Not a lot to write on this subject as the chart pretty much says it all. Below you can see where the previous lows were in the major indices (S&P 500, Nasdaq, Dow, and NYSE), marked by the orange lines. The lows set for most of the indices in March seem to be holding in the short-term as levels of support, however the low set in April at the NYSE has been broken.

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About Andrew Thrasher

Andrew Thrasher is a Portfolio Manager for an asset management firm in Central Indiana. He specializes and writes about technical analysis as well as macro economic developments.